Anworth Mortgage Asset Corp. | 8.625% Series A Cumulative Preferred Stock (ANH.PRA)
Prospectus excerpt: Dividends on the Series A Preferred Stock are cumulative from the date of original issuance and are payable quarterly, when and as declared, commencing on January 18, 2005 at the rate of 8.625% per annum of the $25.00 liquidation preference (equivalent to an annual dividend rate of $2.15625 per share). Dividends will be payable quarterly on the 15th day of January, April, July and October of each year, or if such day is not a business day, the next succeeding business day.
The Series A Preferred Stock has no maturity date, and we are not required to redeem the Series A Preferred Stock at any time. The Series A Preferred Stock is not redeemable prior to November 5, 2009 except in certain limited circumstances relating to the ownership limitation necessary to preserve our qualification as a REIT. On or after November 5, 2009, the Series A Preferred Stock will be redeemable for cash at our option, in whole or from time to time in part, at a redemption price of $25.00 per share, plus accrued and unpaid dividends, if any, to the redemption date.
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Anworth Mortgage Asset is a real estate investment trust. Co. invests in, finances and manages a portfolio of residential mortgage-backed securities and residential mortgage loans, including the following investments: agency mortgage-backed securities, which include residential mortgage pass-through certificates and collateralized mortgage obligations; non-agency mortgage-backed securities, which are securities issued by companies that are not guaranteed by federally sponsored enterprises and that are secured primarily by first-lien residential mortgage loans; and residential mortgage loans, whereby Co. acquires non-Qualified Mortgage, residential mortgage loans from loan originators. Preferreds: ANH.PRA, ANH.PRB, ANH.PRC Open the ANH Information Page » |
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